I think they're probably a decent PM but sympathize now (that I have experience) it's genuinely difficult to find high-quality and consistent cleaning, as well as steady workers that don't come and go, here in the Colorado mountains.

Even with the reduced rates, my cash flow is poor for my equity position (i would still be cash flow negative at today’s rates).  

Eventually, I’d like to start using the cash flow to pay myself and work toward replacing my day job income.

On my new builds we hit the double cash on cash in certain markets sometimes its only 50%.

You really have to devote yourself to making it work, and it helps if you have a genuine interest in this business aside from money.

One reason I joined is because I genuinely needed the exact solution Baselane offers: a banking account that automatically categorizes rental transactions, streamlined reporting, and easy exports.

Most of us will go even higher...say 85%...but you have to get the property to cash flow at that level.

I think another trick is, can you get a mortgage or is it an all cash deal?

You get paid a 5% acquisition fee and regular cash flow with low risk.

$400k equity is producing $1600/month cash flow for a return from the cash flow of 4.8%.